The iconic project that is estimated to be worth RM5 billion had been halted for sometime.
Pintaras, in an announcement at the stock exchange yesterday, said its subsidiary Pintaras Geotechnics Sdn Bhd received a commencement date notice on March 12 from PNB Merdeka Ventures Sdn Bhd to undertake foundation work for Warisan Merdeka in Kuala Lumpur (KL).
“The work is to commence on March 17 and completed within a year,” it said.
The project was earlier expected to start in 2011, and scheduled to be completed in 2015, however, after the delay of almost three years in commencement of work, the completion may take longer.
The overall Warisan Merdeka development will be on 19 acres and the heritage stadiums, the site is set to be another major landmark in KL.
As per the initial plan, the two stadiums will be retained as national heritage buildings.
The development was supposed to consist of a mall, residences and an office skyscraper.
With 118 floors, the height of the building will exceed 500m, surpassing the current tallest buildings in Malaysia, the 452m Petronas Twin Towers.
An initiative by Permodalan Nasional Bhd (PNB), the building may also be used as the PNB headquarters..